by our College Data Analytics TeamThis page focuses on the debt students take on to attend Bloomfield College of Montclair State University— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. The data below is drawn directly from federal sources.
Among first-year students at Bloomfield College, 92% of freshmen borrow to help pay for their first year, at roughly $3,692 per student, private and federal loans combined.
Federal loans alone average $3,128, which is 56.9% of the $5,500 first-year borrowing cap for the typical first-year dependent student. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
Looking at all undergraduates at Bloomfield College, freshmen included, 89% take out federal student loans, at an average of $4,329 per year. That amounts to 38.4% higher than the $3,128 borrowed by freshmen.
At a steady annual pace, that totals around $8,658 in two years and roughly $17,316 over a four-year span. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 89% |
| Average federal loan per year | $4,329 |
| Undergraduates with a federal loan | 803 |
| Total federal loans (one year) | $3,476,105 |
Graduating and withdrawing students at Bloomfield College carry a median federal debt of $18,500 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $18,500 |
| Students who completed (graduates) | $26,746 |
| Students who withdrew | $9,500 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Bloomfield College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $7,500 |
| 75th percentile | $30,593 |
| 90th percentile (highest-debt students) | $41,697 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Bloomfield College.
The figures above count only the students own federal loans. Adding PLUS loans (borrowed by parents or graduate students) gives a fuller picture of total borrowing at Bloomfield College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 336 | $14,701 |
| Completed (graduates) | 162 | $17,963 |
| Did not complete | 174 | $13,372 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $213.6/mo.
Stafford loans are the federal direct-loan program most undergraduates use. The breakdown below separates borrowers who used Stafford loans from those who did not at Bloomfield College.
Stafford This Year vs Not
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 319 | — |
| No Stafford loan this year | 17 | — |
Repayment burden translates the debt figures into what a borrower actually pays each month. Bloomfield College.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. Two-year cohort default-rate data for Bloomfield College is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 8.7% |
| Borrowers in the cohort | 717 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $18,750 |
| Middle income | $18,750 |
| High income | $15,708 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $18,000 |
| Continuing-generation students | $20,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $18,500 |
| Independent students | $18,750 |
Federal data publishes the following gap measures for Bloomfield College.
Subsidized and Unsubsidized Loans
Unsubsidized federal student loans accrue interest every month — even while you are still enrolled. Unless you pay that interest as it builds, the balance you owe at graduation can be noticeably higher than the amount you originally borrowed.
Important to Remember
Declaring bankruptcy does not erase federal student loan debt. If you stop paying, the federal government can garnish a portion of your wages until the loans are repaid.
References
More about our data sources and methodologies.